Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Securities Code: 4719
Date of sending by postal mail: June 8, 2023
Start date of measures for electronic provision: June 1, 2023
To Our Shareholders:
Kiyoshi Saito, Representative Director and President
Alpha Systems Inc.
6-6-1 Kami-kodanaka, Nakahara-ku, Kawasaki,
Kanagawa

Notice of the 51st Annual General Meeting of Shareholders
You are hereby notified that the 51st Annual General Meeting of Shareholders of Alpha Systems Inc. (the“Company”) will be held as described below.
In convening this General Meeting of Shareholders, the Company takes measures for providing information that
constitutes the content, etc. of Reference Documents for the General Meeting of Shareholders (matters for whichmeasures for providing information in electronic format are to be taken), in electronic format and posts thisinformation on the websites below. Please access any of the websites below using the corresponding internet address
shown below to review the information:[The Company’s Website]
https://www.alpha.co.jp/ir/data/#meeting (in Japanese)
Tokyo Stock Exchange (TSE) website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Access the TSE website using the internet address shown above, enter “Alpha Systems” in “Issue name (company
name)” or the Company’s securities code “4719” in “Code,” and click “Search.” Then, click “Basic information”
and select “Documents for public inspection/PR information.” Click “Click here for access” in the “[Notice ofGeneral Shareholders Meeting /Informational Materials for a General Shareholders Meeting] column under “Filed
information available for public inspection.”)Note that instead of attending on the day of the meeting, you may exercise your voting rights in writing (by mail) or
via the internet. Please review the subsequent Reference Documents for the General Meeting of Shareholders andexercise your voting rights by 6:00 p.m. on Wednesday, June 28, 2023 (JST).
1. Date and time:
2. Place:

Thursday, June 29, 2023 at 10:00 a.m. (JST)Head Office of the Company
6-6-1 Kami-kodanaka, Nakahara-ku, Kawasaki, Kanagawa

3. Objectives of meeting:
Matters to be reported: Reports on the business report and non-consolidated financial statements for the 51st
fiscal term (from April 1, 2022 to March 31, 2023)
Matters to be resolved:
Proposal No. 1
Election of 11 Directors
Proposal No. 2
Election of One Corporate Auditor- If you are attending on the day of the meeting, you are kindly requested to present the enclosed voting form to the receptionist.
- In the case of any amendment to matters subject to measures for electronic provision, a notice of the amendment and the details
before and after the amendment will be posted on the websites listed on the previous page.

-1-

- Shareholders who are considering attending the meeting in person are requested to check the prevalence of novel coronavirus(COVID-19) infections and their own physical condition as of the date of the General Meeting of Shareholders before coming to thevenue.
- No souvenirs will be offered, and no food or beverages will be served to shareholders attending.

-2-

Reference Documents for the General Meeting of Shareholders
Proposal No. 1

Election of 11 Directors

The terms of office of all 12 Directors will expire at the conclusion of the meeting.
Therefore, the Company proposes the election of 11 Directors.
The candidates for Director are as follows:
Candidate
No.

1

2

Number of the
Career summary, position, and area of responsibility in the
Company’s sharesCompanyheld(Significant concurrent positions)Oct. 1972
Joined the Company
Jan. 1984
Director
Oct. 1985
Senior Corporate Managing Director
Oct. 1991
Senior Executive Managing Director
Yuko Ishikawa
396,000 shares
Oct. 1996
Director and Vice President(January 5, 1942)
June 2003
Representative Director and Vice President
Apr. 2008
Representative Director and Vice Chairperson
June 2011
Representative Director and Chairperson(current position)[Reasons for nomination as candidate for Director]
Yuko Ishikawa has been demonstrating leadership with an aim to improve corporate value as a manager for many years
since the Company’s foundation, and has been in charge of administrative and supervisory functions in overallmanagement. The Company proposes to continuously appoint Ms. Ishikawa as Director as she is judged to be capableof utilizing her experience and knowledge for the management of the Company.
Aug. 1996
Director of Albig Co., Ltd. (current position)
Apr. 2003
Joined the Company
June 2005
Director
June 2007
Senior Corporate Managing Director
Apr. 2008
Senior Executive Managing Director
Hidetomo Ishikawa
June 2010
Director and Vice President, in charge of
18,800 shares(August 13, 1966)
Secretary’s Office and Management Group
Dec. 2010
Representative Director and Vice President, incharge of Secretary’s Office and Management
Group
June 2011
Representative Director and Vice Chairperson(current position)[Reasons for nomination as candidate for Director]
Hidetomo Ishikawa has experience as a company manager, demonstrating leadership with an aim to improve corporate
value, and serving as a driving force of the management division. The Company proposes to continuously appoint Mr.
Ishikawa as Director as he is judged to be capable of utilizing his experience and knowledge for the management of theCompany.
Name(Date of birth)-3-

Candidate
No.

3

4

Number of the
Career summary, position, and area of responsibility in the
Company’s sharesCompanyheld(Significant concurrent positions)Apr. 1980
Joined Nippon Telegraph and Telephone Public
Corporation (currently Nippon Telegraph andTelephone Corporation)
June 2009Managing Director and General Manager ofCorporate Planning Department of NTT
Internet Inc.
June 2011
President of NTT COMWARE Kyushu
Corporation
June 2013
Advisor of the Company
Kiyoshi Saito
4,300 shares(October 9, 1955)
June 2013
Senior Corporate Managing Director and
Deputy General Manager of Second Operations
Group
Apr. 2014
Senior Corporate Managing Director andGeneral Manager of Third Operations Group
June 2017
Senior Executive Managing Director andGeneral Manager of Third Operations Group
June 2020
Representative Director and President (current
position)[Reasons for nomination as candidate for Director]
Kiyoshi Saito has experience as a company manager and has extensive expertise in the field of IT. The Company
proposes to continuously appoint Mr. Saito as Director as he is judged to be capable of utilizing his experience andknowledge for the management of the Company.
Apr. 1980
Joined Kawasaki Shinkin Bank
Sept. 1987
Joined the Company
Oct. 2000
Director
Oct. 2004
Senior Corporate Managing Director
Katsumi Tokura
14,372 shares
Apr. 2009
Senior Executive Managing Director and(February 8, 1957)
General Manager of Management Group
June 2021
Senior Executive Managing Director andGeneral Manager of Management Group(current position)[Reasons for nomination as candidate for Director]
Katsumi Tokura has expertise in finance and accounting, and has been engaged in organizational management in the
management division, such as accounting and general affairs, for many years. The Company proposes to continuously
appoint Mr. Tokura as Director as he is judged to be capable of utilizing his experience and knowledge for the
management of the Company.
Name(Date of birth)-4-

Candidate
No.

5

6

Number of the
Career summary, position, and area of responsibility in the
Company’s sharesCompanyheld(Significant concurrent positions)Apr. 1984
Joined Nippon Telegraph and Telephone Public
Corporation (currently Nippon Telegraph andTelephone Corporation)
July 1988
Joined NTT DATA Communications Systems
Corporation (currently NTT DATA
Corporation)
June 2008
President and Chief Executive Officer andRepresentative Director of NTT DATATOHOKU Corporation
June 2012
Director and Managing Executive Officer of
Masayoshi Takehara
Japan Information Processing Service Co., Ltd.
3,500 shares(November 9, 1958)
June 2017
Advisor of the Company
June 2017
Director and Deputy General Manager ofPlanning Group
Oct. 2017
Director and Deputy General Manager ofSecond Operations Group
June 2018
Senior Corporate Managing Director andGeneral Manager of Second Operations Group
June 2021
Senior Corporate Managing Director andGeneral Manager of Second Operations Group(current position)[Reasons for nomination as candidate for Director]
Masayoshi Takehara has experience as a company manager and extensive expertise in the field of IT. The Company
proposes to continuously appoint Mr. Takehara as Director as he is judged to be capable of utilizing his experience andknowledge for the management of the Company.
Apr. 1982
Joined Nippon Telegraph and Telephone Public
Corporation (currently Nippon Telegraph andTelephone Corporation)
July 2014
Head of Information Network Laboratory
Group
July 2016
Senior Vice President and General Manager of
Network & Software Business Headquarters of
NTT Advanced Technology Corporation
Nobuyuki Watanabe
2,500 shares
June 2018
Advisor of the Company(June 29, 1959)
June 2018
Senior Corporate Managing Director and
Deputy General Manager of Third Operations
Group
June 2020
Senior Corporate Managing Director andGeneral Manager of Third Operations Group
June 2021
Senior Corporate Managing Director andGeneral Manager of Third Operations Group(current position)[Reasons for nomination as candidate for Director]
Nobuyuki Watanabe has extensive expertise in the fields of software and IT, and has been supervising research anddevelopment activities in the network area. The Company proposes to continuously appoint Mr. Watanabe as Director
as he is judged to be capable of utilizing his experience and knowledge for the management of the Company.
Name(Date of birth)-5-

Candidate
No.

7

8

9

Number of the
Career summary, position, and area of responsibility in the
Company’s sharesCompanyheld(Significant concurrent positions)Apr. 1986
Joined Fujitsu Limited
Dec. 2013
Senior Director of NTT Network System
Business Division of Network Solution Unit
Apr. 2018
Senior Director of Cloud Integration Business
Division and Senior Director of NTT Business
Division of Network Solution Unit
May 2019
Advisor of the Company
Kazuhisa Suzuki
June 2019
Director and Deputy General Manager of First
1,800 shares(January 1, 1963)
Operations Group
June 2020
Director and General Manager of First
Operations Group
June 2021
Senior Managing Director and General
Manager of First Operations Group
June 2022
Senior Corporate Managing Director andGeneral Manager of First Operations Group(current position)[Reasons for nomination as candidate for Director]
Kazuhisa Suzuki has expertise in software development and has been engaged in organizational management in areas
such as network solution business for many years. The Company proposes to continuously appoint Mr. Suzuki as
Director as he is judged to be capable of utilizing his experience and knowledge for the management of the Company.
Apr. 1983
Registered as an attorney at law
Apr. 1988
Head of Hachisu Law Office (current position)
Yuji Hachisu
1,700 shares(October 12, 1954)
June 2015
Outside Director of the Company (current
position)[Reasons for nomination as a candidate for outside Director and summary of expected roles]
Yuji Hachisu has expertise as a lawyer, although he has not been directly involved in the management of a company inthe past. The Company proposes to continuously appoint Mr. Hachisu as an outside Director to have him offer usefuladvice to the Company’s Board of Directors and oversee the Company’s management from an objective standpoint
based on his knowledge and experience in corporate legal affairs cultivated over many years.
The Company expects Mr. Hachisu to fulfill the role of overseeing management from an objective standpoint,
independent from a person executing business in the Company.
Apr. 1982
Joined The Toyo Trust and Banking Company,
Limited (currently Mitsubishi UFJ Trust andBanking Corporation)
June 2012
Executive Officer and General Manager ofCorporate Development Division
June 2013
Managing Executive Officer
Hiroyuki Yamaguchi
June 2017
Representative Director and President of RY(January 5, 1960)
Insurance Service Co., Ltd.
June 2020
Outside Auditor of Sakura Rubber Co., Ltd.
(current position)
Apr. 2021
Representative Director and Chairman of RY
Insurance Service Co., Ltd. (current position)
June 2021
Outside Director of the Company (current
position)[Reasons for nomination as a candidate for outside Director and summary of expected roles]
Hiroyuki Yamaguchi has experience as a company manager. The Company proposes to continuously appoint Mr.
Yamaguchi as an outside Director to have him offer useful advice to the Company’s Board of Directors and oversee theCompany’s management from an objective standpoint based on his abundant experience.
The Company expects Mr. Yamaguchi to fulfill the role of overseeing management from an objective standpoint,
independent from a person executing business in the Company.
Name(Date of birth)-6-

Candidate
No.

10

Number of the
Career summary, position, and area of responsibility in the
Company’s sharesCompanyheld(Significant concurrent positions)Sept. 1976
Joined Tsuji Audit Corporation
Mar. 1983
Registered as certified public accountant
June 1988
Partner of MISUZU Audit Corporation
Sept. 1997
Representative Partner of MISUZU Audit
Corporation
July 2007
Representative Partner of Shin Nihon & Co.
(currently Ernst & Young ShinNihon LLC)
June 2017
Outside Audit & Supervisory Board Member of
Takayoshi Fusegi
600 shares
Soken Chemical & Engineering Co., Ltd.
(March 3, 1955)
June 2017
Outside Director of WASEDA ACADEMYCO., LTD. (current position)
Sept. 2017
Outside Director of Refinverse, Inc.
June 2018
Outside Corporate Auditor of the Company
June 2021
Outside Director of Soken Chemical &Engineering Co., Ltd. (current position)
June 2022
Outside Director of the Company (current
position)[Reasons for nomination as a candidate for outside Director and summary of expected roles]
Takayoshi Fusegi is qualified as a certified public accountant, although he has not been directly involved in the
management of a company in the past. The Company proposes to continuously appoint Mr. Fusegi as an outside
Director to have him offer useful advice to the Company’s Board of Directors from his expert perspective and oversee
the Company’s management from an objective standpoint.
The Company expects Mr. Fusegi to fulfill the role of overseeing management from an objective standpoint,
independent from a person executing business in the Company.
Name(Date of birth)-7-

Candidate
No.

*11

(Notes)

1.
2.
3.
4.
5.
6.
7.

8.

9.

Number of the
Career summary, position, and area of responsibility in the
Company’s sharesCompanyheld(Significant concurrent positions)Apr. 1985
Joined Nomura Securities Co., Ltd.
Apr. 2009
Senior Managing Director
Apr. 2010
Senior Corporate Managing Director of
Nomura Asset Management Co., Ltd.
Apr. 2012
Senior Managing Director of Nomura
Securities Co., Ltd.
Junichi Jozuka
Apr. 2014
Director(August 11, 1961)
Apr. 2014
Corporate Auditor of Nomura Facilities, Inc.
Apr. 2015
Representative Director and President
Apr. 2021
Advisor of Nomura Securities Co., Ltd.
Mar. 2022
RetiredJune 2022
Outside Director of Akatsuki Corp. (current
position)[Reasons for nomination as a candidate for outside Director and summary of expected roles]
Junichi Jozuka has experience as a company manager. The Company proposes to appoint Mr. Jozuka as an outside
Director to have him offer useful advice to the Company’s Board of Directors and oversee the Company’s managementfrom an objective standpoint based on his abundant experience. The Company expects Mr. Jozuka to fulfill the role ofoverseeing management from an objective standpoint, independent from a person executing business in the Company.
A new candidate for Director is indicated by an asterisk (*).
There are no special interests between each candidate and the Company.
Yuji Hachisu, Hiroyuki Yamaguchi, Takayoshi Fusegi, and Junichi Jozuka are candidates for outside Director.
Mr. Hachisu is currently an outside Director of the Company, and his term of office as an outside Director will have beeneight years at the conclusion of the meeting.
Mr. Yamaguchi is currently an outside Director of the Company, and his term of office as an outside Director will havebeen two years at the conclusion of the meeting.
Mr. Fusegi is currently an outside Director of the Company, and his term of office as an outside Director will have been
one year at the conclusion of the meeting.
Pursuant to the provisions of Article 427, paragraph (1) of the Companies Act, the Company has entered into agreementswith Mr. Hachisu, Mr. Yamaguchi, and Mr. Fusegi to limit their liability for damages under Article 423, paragraph (1) of
the Companies Act to the minimum liability amount provided for by Article 425, paragraph (1) of the same Act. If theirreelection is approved, the Company plans to renew the aforementioned agreements with them. If Mr. Jozuka is elected,
the Company plans to enter into the same limited liability agreement with him as a new Director.
The Company has entered into a directors and officers liability insurance policy as provided in Article 430-3, paragraph(1) of the Companies Act with an insurance company. A summary of the said policy is as described in the business report(in Japanese only). In addition, when the policy is renewed, the Company plans to renew the policy with the same terms.
The Company has submitted notification of Mr. Hachisu, Mr. Yamaguchi, and Mr. Fusegi as independent officers asprovided for by the Tokyo Stock Exchange. Furthermore, Mr. Jozuka satisfies the requirements for an independent officer
as provided for by the Tokyo Stock Exchange. If he is elected, the Company plans to submit notification to theaforementioned exchange as an independent officer.
Name(Date of birth)-8-

Proposal No. 2

Election of One Corporate Auditor

At the conclusion of this meeting, the terms of office of Standing Corporate Auditor Kunihiko Yamada will expire.
Therefore, the Company proposes the election of one Corporate Auditor.
In addition, the consent of the Board of Corporate Auditors has been obtained for the submission of this proposal.
The candidate for Corporate Auditor is as follows:
Number of the
Career summary, position, and area of responsibility in the
Company’s sharesCompanyheld(Significant concurrent positions)Apr. 1980
Joined The Tokyo Tomin Bank, Limited(currently Kiraboshi Bank, Ltd.)
July 2007
Associate Director and General Manager ofKinshicho Branch Office
July 2008
Associate Director and General Manager of
Ikebukuro Branch Office
Kunihiko Yamada
June 2010
Executive Officer and General Manager of
8,200 shares(March 8, 1958)
Head Office Sales Division
June 2013
Executive Officer and General Manager ofInternational Division
Apr. 2015
Managing Executive Officer and General
Manager of International Division
June 2015
Standing Corporate Auditor of the Company(current position)[Reasons for nomination as candidate for outside Corporate Auditor]
Kunihiko Yamada has abundant experience and extensive knowledge cultivated at a financial institution, although he
has not been directly involved in the management of a company in the past. The Company proposes to continuously
appoint Mr. Yamada as an outside Corporate Auditor to have him offer useful advice to the Company’s Board of
Directors from his expert perspective and audit the Company’s management from an objective standpoint.
(Notes) 1. There are no special interests between the candidate and the Company.
2. Kunihiko Yamada is a candidate for outside Corporate Auditor.
3. Mr. Yamada is currently an outside Corporate Auditor of the Company, and his term of office as an outside Corporate
Auditor will have been eight years at the conclusion of the meeting.
4. Pursuant to the provisions of Article 427, paragraph (1) of the Companies Act, the Company has entered into an agreementwith Mr. Yamada to limit his liability for damages under Article 423, paragraph (1) of the Companies Act to the minimum
liability amount provided for by Article 425, paragraph (1) of the same Act. If his reelection is approved, the Company
plans to renew the aforementioned agreement with him.
5. The Company has entered into a directors and officers liability insurance policy as provided in Article 430-3, paragraph(1) of the Companies Act with an insurance company. A summary of the said policy is as described in the business report(in Japanese only). In addition, when the policy is renewed, the Company plans to renew the policy with the same terms.
6. The Company has submitted notification of Mr. Yamada as an independent officer as provided for by the Tokyo Stock
Exchange.
Name(Date of birth)-9-

(Reference) Skill Matrix of Directors and Corporate Auditors After the Conclusion of this General Meetingof Shareholders (Planned)
If the candidates listed in this Notice are elected as originally proposed, the main knowledge and expertise expectedby the Company from each Director and Corporate Auditor are as follows:
Finance

Legal affairs

and

and

Risk

development

accounting

management

●

●

●

●

●

●

●

●

●

●

CorporateNamemanagement

Representative Director andChairperson
Yuko Ishikawa
Representative Director andVice Chairperson
Hidetomo Ishikawa
Representative Director andPresident
Kiyoshi Saito
Senior Executive Managing
Director
Katsumi Tokura
Senior Corporate Managing
Director
Masayoshi Takehara
Senior Corporate Managing
Director
Nobuyuki Watanabe●

Industryknowledge

Sales

Expertise

●

●

●

●

●

●

●

●

●

●

●

●

●

●
●

●

Standing Corporate Auditor
Kunihiko Yamada
Standing Corporate Auditor
Nobuyuki Kameyama

●

●

●

●

●
●

●

●

●
●

affairs●●

Corporate Auditor
Hiroshi Nariai●(Note) This skill matrix does not represent all knowledge and experience.

- 10 -

andsustainability●●

Director
Takayoshi Fusegi
Director
Junichi Jozuka

and labor

ESG/CSR●

Director
Yuji Hachisu●

resources●●

Senior Managing Director
Kazuhisa Suzuki

Director
Hiroyuki Yamaguchi

Human

Research

Position in the Company

●
●

●

●

●

●

●